Vault-13

VENTAS RLTY LTD PARTNERSHIP VTR 3.75 06.01.26

NOTE 3.750% 6/0 · US DOMESTIC · CUSIP 92277GAZ0

79 institutional holders +6 vs Q4 2024
19,189,64219.2m shares reported held*
$1.0bnreported value*
16 new 23 added 19 reduced 10 sold out net bought ≈ $24.4m (-13.7m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($5.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $54.94.

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

050100Q2 24: 69Q3 24: 70Q4 24: 73Q1 25: 7979Q2 24Q3 24Q4 24Q1 25
Numbers
QuarterHolders
Q2 202469
Q3 202470
Q4 202473
Q1 202579

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q3 24: 32 bought or addedQ3 24: 37 cut or sold outQ3 24Q4 24: 28 bought or addedQ4 24: 28 cut or sold outQ4 24Q1 25: 39 bought or addedQ1 25: 29 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q3 20243237
Q4 20242828
Q1 20253929

Biggest buyers

Point72 Asset Management, L.P. New +32,100,000+32.1m
D. E. Shaw & Co., Inc. Added +31,434,000+31.4m
CSS LLC/IL New +17,000,000+17.0m
Universal- Beteiligungs- und Servicegesellschaft mbH New +16,989,000+17.0m
Portman Square Capital LLP Added +9,100,000+9.1m
Thrivent Financial for Lutherans New +7,791,000+7.8m
Polar Asset Management Partners Inc. New +6,500,000+6.5m
Warberg Asset Management LLC New +6,121,000+6.1m
DEUTSCHE BANK AG\ Added +5,949,000+5.9m
ADVENT CAPITAL MANAGEMENT /DE/ Added +5,714,000+5.7m

Biggest sellers

CITADEL ADVISORS LLC Sold out -41,750,000-41.8m
BlackRock, Inc. Reduced -36,404,000-36.4m
ZAZOVE ASSOCIATES LLC Reduced -14,900,000-14.9m
BANK OF AMERICA CORP /DE/ Reduced -8,929,000-8.9m
Antara Capital LP Sold out -8,000,000-8.0m
Thrivent Financial for Lutherans Sold out -7,261,000-7.3m
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Sold out -5,500,000-5.5m
BNP PARIBAS ASSET MANAGEMENT Holding S.A. Reduced -5,000,001-5.0m
SHENKMAN CAPITAL MANAGEMENT INC Reduced -3,835,000-3.8m
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sold out -3,741,000-3.7m

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ADVENT CAPITAL MANAGEMENT /DE/ 2.75% of their portfolio NEW YORK, NY 92,984,00093.0m $119.9m $119.9m 2.75% Added +5.7m +5,714,000
2 CAMDEN ASSET MANAGEMENT L P /CA 2.64% of their portfolio Los Angeles, CA 76,730,00076.7m $98.7m $98.7m 2.64% Unchanged
3 Aequim Alternative Investments LP 3.06% of their portfolio MILL VALLEY, CA 59,500,00059.5m $76.7m $76.7m 3.06% Unchanged
4 VICTORY CAPITAL MANAGEMENT INC 0.07% of their portfolio San Antonio, TX 53,535,00053.5m $68.9m $68.9m 0.07% Added +1.7m +1,696,000
5 ZAZOVE ASSOCIATES LLC 5.36% of their portfolio INCLINE VILLAGE, NV 48,490,00048.5m $62.5m $62.5m 5.36% Reduced -14.9m -14,900,000
6 HIGHBRIDGE CAPITAL MANAGEMENT LLC 2.53% of their portfolio NEW YORK, NY 45,000,00045.0m $57.4m $57.4m 2.53% Added +5.0m +5,000,000
7 D. E. Shaw & Co., Inc. 0.07% of their portfolio New York, NY 43,684,00043.7m $56.3m $56.3m 0.07% Added +31.4m +31,434,000
8 Point72 Asset Management, L.P. 0.12% of their portfolio STAMFORD, CT 32,100,00032.1m $41.4m $41.4m 0.12% New
9 Portman Square Capital LLP 3.62% of their portfolio London, X0 20,350,00020.4m $26.2m $26.2m 3.62% Added +9.1m +9,100,000
10 Calamos Advisors LLC 0.11% of their portfolio NAPERVILLE, IL 18,030,00018.0m $23.2m $23.2m 0.11% Added +1.0m +1,040,000
11 PIER 88 INVESTMENT PARTNERS LLC 4.21% of their portfolio SAN FRANCISCO, CA 17,060,00017.1m $21.9m $21.9m 4.21% Added +790.0k +790,000
12 CSS LLC/IL 1.52% of their portfolio CHICAGO, IL 17,000,00017.0m $21.8m $21.8m 1.52% New
13 Universal- Beteiligungs- und Servicegesellschaft mbH 0.04% of their portfolio FRANKFURT AM MAIN, 2M 16,989,00017.0m $22.1m $22.1m 0.04% New
14 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 16,939,00016.9m $22.0m $22.0m 0.00% Reduced -2.9m -2,861,000
15 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.02% of their portfolio FRANKFURT AM MAIN, 2M 16,588,00016.6m $21.2m $21.2m 0.02% Unchanged
16 FMR LLC 0.00% of their portfolio BOSTON, MA 15,096,00015.1m $19.4m $19.4m 0.00% Unchanged
17 CAPSTONE INVESTMENT ADVISORS, LLC 0.18% of their portfolio NEW YORK, NY 15,000,00015.0m $19.3m $19.3m 0.18% Unchanged
18 HBK INVESTMENTS L P 0.33% of their portfolio DALLAS, TX 14,500,00014.5m $18.7m $18.7m 0.33% Added +2.0m +2,000,000
19 SSI INVESTMENT MANAGEMENT LLC 1.36% of their portfolio Los Angeles, CA 13,628,00013.6m $17.5m $17.5m 1.36% Added +599.0k +599,000
20 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 12,553,00012.6m $16.1m $16.1m 0.00% Reduced -8.9m -8,929,000
21 INCOME RESEARCH & MANAGEMENT 5.48% of their portfolio Boston, MA 10,000,00010.0m $12.9m $12.9m 5.48% Unchanged
22 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio Toronto, A6 9,300,0009.3m $12.0m $12.0m 0.01% Unchanged
23 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 9,261,0009.3m $12.0m $12.0m 0.01% Reduced -2.9m -2,892,000
24 BlackRock, Inc. 0.00% of their portfolio New York, NY 9,050,0009.1m $11.6m $11.6m 0.00% Reduced -36.4m -36,404,000
25 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 8,398,0008.4m $10.8m $10.8m 0.00% Added +5.9m +5,949,000
26 LORD, ABBETT & CO. LLC 0.04% of their portfolio JERSEY CITY, NJ 7,959,0008.0m $10.2m $10.2m 0.04% Reduced -28.0k -28,000
27 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 7,791,0007.8m $10.1m $10.1m 0.02% New
28 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 7,063,0007.1m $9.0m $9.0m 0.00% Added +3.6m +3,572,000
29 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 7,013,0007.0m $9.0m $9.0m 0.00% Reduced -414.0k -414,000
30 SHENKMAN CAPITAL MANAGEMENT INC 0.89% of their portfolio NEW YORK, NY 6,614,0006.6m $8.7m $8.7m 0.89% Reduced -3.8m -3,835,000
31 Polar Asset Management Partners Inc. 0.28% of their portfolio TORONTO, A6 6,500,0006.5m $8.4m $8.4m 0.28% New
32 RATIONAL ADVISORS, INC. 0.83% of their portfolio San Juan, PR 6,370,0006.4m $8.2m $8.2m 0.83% Added +790.0k +790,000
33 Warberg Asset Management LLC 2.16% of their portfolio WINNETKA, IL 6,121,0006.1m $7.9m $7.9m 2.16% New
34 RWC Asset Management LLP 0.36% of their portfolio LONDON, X0 5,500,0005.5m $7.0m $7.0m 0.36% Reduced -500.0k -500,000
35 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 5,155,0005.2m $6.7m $6.7m 0.00% Added +1.0m +1,000,000
36 Sculptor Capital LP 0.14% of their portfolio New York, NY 5,000,0005.0m $6.4m $6.4m 0.14% New
37 Governors Lane LP 1.39% of their portfolio NEW YORK, NY 5,000,0005.0m $6.4m $6.4m 1.39% Unchanged
38 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 4,594,0004.6m $5.9m $5.9m 0.00% Added +2.7m +2,693,000
39 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 4,411,0004.4m $5.7m $5.7m 0.01% Reduced -160.0k -160,000
40 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 3,750,0003.8m $4.8m $4.8m 0.00% Unchanged
41 CONNING INC. 0.17% of their portfolio HARTFORD, CT 3,690,0003.7m $4.8m $4.8m 0.17% Unchanged
42 Man Group plc 0.01% of their portfolio LONDON, X0 3,020,0003.0m $3.9m $3.9m 0.01% Unchanged
43 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 2,194,0002.2m $2.8m $2.8m 0.00% Reduced -2.0m -1,961,000
44 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 2,071,0002.1m $2.7m $2.7m 0.00% First filing
45 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 1,917,0001.9m $2.4m $2.4m 0.00% Reduced -1.1m -1,127,000
46 Jefferies Financial Group Inc. 0.04% of their portfolio NEW YORK, NY 1,800,0001.8m $2.3m $2.3m 0.04% Added +1.2m +1,167,000
47 Ameritas Investment Partners, Inc. 0.07% of their portfolio LINCOLN, NE 1,500,0001.5m $1.9m $1.9m 0.07% Reduced -2.4m -2,370,000
48 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,485,0001.5m $1.9m $1.9m 0.00% Reduced -180.0k -180,000
49 OAKTREE CAPITAL MANAGEMENT LP 0.03% of their portfolio LOS ANGELES, CA 1,250,0001.2m $1.6m $1.6m 0.03% New
50 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 1,200,0001.2m $1.5m $1.5m 0.00% Reduced -900.0k -900,000
51 AXA S.A. 0.00% of their portfolio PARIS, I0 1,100,0001.1m $1.4m $1.4m 0.00% New
52 Amundi 0.00% of their portfolio Paris, I0 1,100,0001.1m $1.4m $1.4m 0.00% Unchanged
53 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 1,100,0001.1m $1.4m $1.4m 0.00% Added +500.0k +500,000
54 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 1,015,0001.0m $1.3m $1.3m 0.00% New
55 AEGON USA Investment Management, LLC 1.00% of their portfolio CEDAR RAPIDS, IA 981,000981.0k $1.3m $1.3m 1.00% Unchanged
56 Kohlberg Kravis Roberts & Co. L.P. 0.02% of their portfolio NEW YORK, NY 594,000594.0k $765.7k $765.7k 0.02% Unchanged
57 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% of their portfolio Paris, I0 579,999580.0k $754.0k $754.0k 0.00% Reduced -5.0m -5,000,001
58 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 500,000500.0k $637.9k $637.9k 0.00% Added +200.0k +200,000
59 Union Bancaire Privee, UBP SA 0.01% of their portfolio GENEVA 1, V8 500,000500.0k $593.9k $593.9k 0.01% Unchanged
60 Central Pacific Bank - Trust Division 0.05% of their portfolio HONOLULU, HI 290,000290.0k $373.1k $373.1k 0.05% Unchanged
61 KBC Group NV 0.00% of their portfolio Brussels, C9 200,000200.0k $258.0k $258.0k 0.00% Unchanged
62 Calamos Wealth Management LLC 0.01% of their portfolio NAPERVILLE, IL 151,000151.0k $194.6k $194.6k 0.01% New
63 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 148,000148.0k $189.5k $189.5k 0.00% Added +22.0k +22,000
64 ABN AMRO INVESTMENT SOLUTIONS 0.00% of their portfolio PARIS CEDEX 008, I0 100,000100.0k $130.1k $130.1k 0.00% Reduced -200.0k -200,000
65 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 72,00072.0k $92.6k $92.6k 0.00% Added +22.0k +22,000
66 VIRTUS ADVISERS, LLC 0.05% of their portfolio HARTFORD, CT 55,00055.0k $70.8k $70.8k 0.05% New
67 NOMURA HOLDINGS INC 0.02% of their portfolio TOKYO, M0 49,39249.4k $3.4m $3.4m 0.02% Reduced -53.6k -53,551
68 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 36,00036.0k $46.3k $46.3k 0.00% Added +8.0k +8,000
69 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 20,00020.0k $25.8k $25.8k 0.00% Unchanged
70 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 18,00018.0k $23.2k $23.2k 0.00% New
71 Goldstein Advisors, LLC 0.00% of their portfolio Madison, WI 15,00015.0k $19.3k $19.3k 0.00% Unchanged
72 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 14,00014.0k $18.0k $18.0k 0.00% Added +14.0k +13,986
73 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 14,00014.0k $18.0k $18.0k 0.00% Added +6.0k +6,000
74 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 12,80012.8k $1.6m $1.6m 0.01% New
75 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 12,00012.0k $15.5k $15.5k 0.00% New
76 Candriam S.C.A. 0.03% of their portfolio STRASSEN, N4 3,1003.1k $4.0m $4.0m 0.03% Reduced -1.5k -1,500
77 LAFFER TENGLER INVESTMENTS, INC. 0.63% of their portfolio Scottsdale, AZ 2,2512.3k $3.0m $3.0m 0.63% Added +4 +4
78 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged
79 Erste Asset Management GmbH 0.00% of their portfolio VIENNA, C4 00 $0 $0 0.00% New